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Add next step in your pricing workflow by sending the price B determined above to a calculator below
This tool will calculate the foreign exchange values by converting prices in currency A to equivalent prices in currency B, using a specified currency A to B foreign exchange rate.
It is often necessary when selling items overseas to convert the price from a domestic currency into a foreign currency.
This tool allows you to specify your own foreign exchange rate, making it possible for you to use today’s rate, or a fixed one of your choosing, such as a hedged one that your finance or accounts department has advised your sales and marketing to use for a limited time period.
The formula used by this calculator to determine the currency conversion from price A to price B using an A to B exchange rate is:
PB = PA · e
- PB = Price B
- PA = Price A
- e = Exchange rate
This is the price in currency A that you want to convert to an equivalent amount in another currency.
For example this would be the price set for a domestic market which has already been defined in the local currency for the country in which your company resides.
A to B Exchange Rate
This is the foreign exchange rate for converting money from currency A to currency B.
The exchange rate is the multiplication factor that is applied to a price in one currency to a price of equivalent value in a different currency. e.g. $100 of domestic currency converted to £ using a foreign exchange rate of 0.75 would equate to £75.
This is the converted equivalent value in currency B.
For example if you were pricing an item to be exported overseas, it would represent the price you would need to charge a customer in another country in their local currency, in order to match the value of the domestic currency price.